The Chin Family Foundation
- Assets
- $6.4m
- Revenue
- $2.6m
- Investments
- $5.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-2356672
Organization Overview
The Chin Family Foundation is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chin Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Chin Family Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Chin Family Foundation has awarded 92 individual grants totaling $4,445,425. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Elizabeth Chin Dir, Sec | 1 | $0 | |
Patricia A Chin Pres, Dir | 1 | $0 | |
William Chin Vp, Dir | 1 | $0 | |
William Edward Chin Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,400,037 |
| Interest on Savings | $7,765 |
| Dividends & Interest | $184,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,282 |
| Capital Gain Net Income | $705,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $2,646,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,401 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,656 |
| Total operating and administrative expenses | $69,643 |
| Contributions, gifts, grants paid | $3,127,600 |
| Total expenses and disbursements | $3,197,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,074,970 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $876,922 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,394,445 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Chin Family Foundation has awarded $3,127,600 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: LAB OF ORNITHOLOGY | $500 |
CONVALESCENT AID SOCIETY PURPOSE: THE CENTENNIAL CIRCLE AND GENERAL FUND | $2,500 |
DENISON UNIVERSITY PURPOSE: CHIN FAMILY SCHOLARS FUND | $250,000 |
GOOD NEIGHBOR HEALTH CLINIC INC PURPOSE: RED LOGAN DENTAL CLINIC | $1,000 |
LISTEN LEBANON IN SERVICE TO EACH NEIGHBOR PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
NEW ENGLAND AQUARIUM CORPORATION PURPOSE: GENERAL & UNRESTRICTED | $250 |